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Thursday, January 23, 2014

Where's Menachem Stark's Missing $1.7M?

Police are reportedly investigating what happened to $1.7
million that vanished from a business account tied to slain Brooklyn real
estate developer Menachem Stark.

The money was “improperly” removed from a joint $2 million
account the murdered Hasidic man set up with partner Israel (Sam) Perlmutter,
the Daily News reported, citing court documents.

An additional $200,000 is also missing under unclear
circumstances, the paper said.

Brooklyn Bankruptcy Court Judge Elizabeth Stong ordered
officials to review the accounts of the pair’s South Side realty company last
week, following Stark’s brutal murder.

Stark, a prominent member of the Satmar Hasidic community,
had a tangled business history and owed six-figure debts to several creditors
and former associates.

He spent most of his last days pleading with friends and
business partners for a large loan and ironically may have secured the cash
that could have saved his life in the days before his abduction on January 2,
the New York Post reported.

But investigators started focusing on a much smaller unpaid
debt after recovering the light-colored van used in the kidnapping — and tying
the vehicle to a particular contractor, whom they have not identified.